Sources: Pine Labs, which provides payments services in Asia, filed confidentially for a US IPO, seeking to raise about $500M at a $5.5B to $7B valuation (Bloomberg)

Bloomberg:
Sources: Pine Labs, which provides payments services in Asia, filed confidentially for a US IPO, seeking to raise about $500M at a $5.5B to $7B valuation  —  Pine Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations …